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Search Results 0 to 34 of about 35 (some duplicates have been removed)
Sep 25, 2012 4:30pm PDT
: still ahead, as the debate over mitt romney's taxes shows, not all income is taxed the same. why how much you pay in taxes depends on how you make your money. four years ago this month, the economy was in a freefall. lehman brothers had collapsed and credit markets seized up. a.i.g. was rescued by the federal reserve. the tarp program spent billions bailing out banks, and the federal deposit insurance corporation helped save citigroup. sheila bair was among those making the decisions. she was the chairman of the fdic and has written about the financial crisis in a new book, "bull by the horns. " she join us tonight from the nasdaq. sheila, congratulations on the book. quite a read to relive those days and months four years ago. after all the billions of dollars spent and the millions of homes foreclosed on, you wrote, i wonder if we overreacted. you say the generosity of the response troubles you, why? >> the generosity of the banks. we clearly needed to do something. weeshtd have done more to get the homeowners restructured and clean up the banks balance sheet, by making tm clean up
Oct 2, 2012 4:30pm PDT
of uncertainty in terms of tax and spending policy really in our history. >> reporter: his organization, the national retail federation, is forecasting a 4.1% gain. but the international council of shopping centers is more cautious, predicting an increase of less than 3%. shoppertrak and deloitte fall in the middle. some of the differences can be blamed on conflicting economic signs. higher home prices and stock prices are boosting consumer confidence. >> people are always looking for something to give them a real sort of positive outlook, something to make them feel better. shopping is pretty much one thing to make most people feel better if they can. >> reporter: but job growth is weak, and food and gasoline prices are rising. with so much uncertainty, you can expect to see lots of holiday promotions. but tv ads will come later. >> in normal years, we'd already start to see some holiday advertising taking place now. but because of the political elections that are coming up and the campaigns, there's virtually no airtime that retailers can afford to buy. >> reporter: but you can bet th
Sep 28, 2012 4:30pm PDT
a framework to operate from there. >> reporter: as a livestock trader do you have any concern about bush tax cuts not being extended or the debt not being addressed? >> well from just a clear procedural standpoint if romney gets elected he takes over in january the bush tax cuts they're dead. so, now we jushave to build that into our model and say that's not going to change. so if obama gets elected they stay in. if romeny gets elected which he won't then he can't necessarily change it so let's just build that those tax cuts are gonna expire at the end of the year period. the one thing that i can tell you that is very troublesome to me as i look at prices, as i look across as i look at hog prices priced for next summer, i look at cattle prices, i look at grain prices and that is that why is it that we ignore the food and energy component of cpi? so, i could be ben bernanke's speech writer because he says the same thing every time he goes in front of the senate is we don't see any particular problem with inflation. really, we don't corn prices just nearly double in three months. so, how is it
Oct 1, 2012 4:30pm PDT
, but not on any resolution to the scheduled tax increases in government spending cuts. the nonpartisan tax policy center figures taxeses will go up by almost $3500 per household next year if certain tax cuts are allowed to expire. the report says 90% of households would see higher federal taxes. you can learn more about the fiscal cliff and why it matters, go to our website: nokia is on track to team up with major software-maker oracle. the finnish cell phone company is giving oracle access to its mapping services. financial details of the deal were not disclosed. but the move comes as nokia recently signed mapping deals with groupon, and amazon. last week apple's c.e.o. apologized for the shortcomings of its new map service. >> susie: and american express has agreed to pay millions of dollars in refunds to settle accusations from regulators that it deceived customers. the violations include: unlawful late fees, misleading consumers about debt collection, and age discrimination. amex will pay more than $100 million in fines, and give payouts to about 250,000 customers. consumers that
Sep 26, 2012 4:30pm PDT
for builders is the ongoing uncertainty about the bush tax cuts. subkowiak says if those tax cuts aren't extended some potential buyers could put a hold on buying a new house. diane eastabrook, "n.b.r.," hinsdale, illinois. >> tom: we saw two discouraging reports today from the c-suite, from top corporate executives. in separate surveys, both chief executive officers and chief financial officers are losing optimism. and both have dialed back hiring expectations. this stands in contrast to a report just yesterday from the conference board indicating consumers are more hopeful about their job prospects. the "deloitte c.f.o. signals survey," which tracks companies with revenues of at least $5 billion, found somber expectations for growth in sales, earnings, capital expenditures and hiring, all falling to a ten-quarter low. and roughly a quarter of the c.f.o.'s polled say their biggest worry is the upcoming fiscal cliff: >> some thrding about where things really are going, so they can set strategy and execute that strategy. we're going to be stuck in this for a while. as for the c.e.o. sur
Sep 27, 2012 4:30pm PDT
machines in the face of the looming battle over federal spending and tax cuts known as the fiscal cliff. >> we need to get past the election, we need to get past the fiscal cliff, have some certainty about the conduct of fiscal policy over 2013, and maybe see some further progress in europe to lift this veil of uncertainty that's holding back both businesses and households. >> reporter: at the margin, the falling number of people filing for unemployment insurance is likely to bolster consumer confidence. but economists are looking for about a 100,000 increase in payrolls in the september employment report out next friday. call that a guarded outlook. >> in the fourth quarter, we think job growth is going to pick back up. we have had some sluggishness in job growth in recent months. ultimately, we do expect businesses to feel they need to hire somewhat more. that, we think, will resume a downward trend in the unemployment rate. so we think the next move on job growth is up rather than down. >> reporter: the bright spot in the economy is housing. pending home sales slipped 2.6% in august,
Sep 24, 2012 7:00pm PDT
will to avoid the fiscal cliff. unless an agreement is reached, tax increases and spending cuts will take effect after new years sending the economy into reverse. >> and it's not a threat just for the united states of america. it's a threat for the global economy given the size of the u.s. economy and it's linkages with many other countries around the globe. >> reporter: if the u.s. slows, there may not be anyone left to pick up the slack. even china looks like its growth is faltering. darren gersh, "n.b.r.," washington. >> reporter: i'm diane eastabrook in central illinois. still ahead, the harvest is under way, and farmers are figuring out just how much damage the drought did to their crops. >> tom: that free checking account may not be so free. new regulations are squeezing bank profits, sending banks, both big and small, looking for new ways to bring in revenue. one way is by doing away with the free checking account which was so popular in the late 90's. ruben ramirez reports. >> reporter: dick evans is the c.e.o. of cullen/frost bankers. frost has 115 branches around texas. he says checkin
Search Results 0 to 34 of about 35 (some duplicates have been removed)